Tag Archives: Economy

The economic growth we’ve seen in the Bay Area in the last five years has driven demand for office space throughout the region, with tech leading that trend. San Francisco and Silicon Valley have captured the lion’s share of this demand, but with little space left in those markets, tenants are now looking to Oakland and the East Bay to expand.

Despite concerns with global market volatility, Bay Area office markets started 2016 on a solid basis. We’ve included a review of the Q1 highlights for each of the five Bay Area markets below which tracked in our recent Office Outlook report.

Not unlike many other US markets, midtown and downtown Sacramento have benefited from recent population growth, primarily fueled by millennials and baby boomers increasingly eschewing the suburbs for a more urban lifestyle. Regional employers have begun to… Read More

There’s definitely a lot of excitement surrounding Oakland these days, and it seems like that’s only going to increase since Uber announced their purchase of Uptown Station from Lane Partners last month.

Downtown Sacramento is currently undergoing a renaissance, with a level of investment activity not seen since the 1920s. An improved local economy and new entertainment and sports complex have jump-started this momentum. In alignment with Mayor Kevin Johnson’s ambitious plan of building 10,000 new units, multi-family developers are capitalizing on the renewed interest in… Read More

Pizza vs burrito. It’s a dilemma I face 24/7. With only 7 days in a week it seems impossible to consume enough of the 2 best foods on the planet. I would go see a movie called Pizza vs Burrito before I… Read More

For better or worse, Sacramento is a government town. The office market recovery has lagged behind tech-powered economic engines like San Francisco and Silicon Valley, but the State of California’s presence also tempers the drastic… Read More

Venture capitalists continue to place their bets in the rapidly growing local tech economy. During Q3 2014, San Francisco accounted for 15.0 percent of the top 10 high-tech VC backed deals nationally. VC funding dropped since last quarter, which was expected due to the $1.2B Uber “mega” investment. Silicon Valley VC firms have begun… Read More